Sheetal Diamonds (SDL) was formally created and deployed as a legal entity on 21 Dec.'94. It was promoted by Vinod Shah, Hasmukh Gor and Shailesh Patel. The promoters also have interests in Sheetal Exports, H G Exports and Alpa Exports. SDL is managed by managing director Vinod Shah.

The company came out with a public issue in Apr.'95, aggregating Rs 2 cr, to part-finance a semi-automatic diamond polishing/exporting unit with an installed capacity of 2.25 lac carats of rough diamonds and to augment long-term working capital resources. Total requirement of funds was estimated at Rs 5 cr. SDL manufactures and polishes rough diamonds and converts them into cut and polished diamonds.

Company has plan to open a jewellery show room for maketing diamond studded gold jewellery, Gold Jewellery & Silver Articles.